Summit Global Investments Increases Stake in iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG)

Summit Global Investments raised its holdings in iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG) by 7.7% during the first quarter, Holdings Channel.com reports. The fund owned 578,176 shares of the company’s stock after purchasing an additional 41,300 shares during the period. iShares Core U.S. Aggregate Bond ETF comprises about 4.2% of Summit Global Investments’ holdings, making the stock its 5th largest holding. Summit Global Investments’ holdings in iShares Core U.S. Aggregate Bond ETF were worth $57,193,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AGG. Raymond James Financial Inc. bought a new position in iShares Core U.S. Aggregate Bond ETF in the fourth quarter valued at approximately $7,545,901,000. Sagespring Wealth Partners LLC bought a new position in iShares Core U.S. Aggregate Bond ETF in the fourth quarter valued at approximately $2,473,132,000. Ameriprise Financial Inc. boosted its position in shares of iShares Core U.S. Aggregate Bond ETF by 75.4% during the fourth quarter. Ameriprise Financial Inc. now owns 19,130,645 shares of the company’s stock worth $1,853,830,000 after purchasing an additional 8,223,945 shares in the last quarter. Jones Financial Companies Lllp boosted its position in shares of iShares Core U.S. Aggregate Bond ETF by 6.1% during the fourth quarter. Jones Financial Companies Lllp now owns 128,947,585 shares of the company’s stock worth $12,495,021,000 after purchasing an additional 7,463,618 shares in the last quarter. Finally, Arizona PSPRS Trust boosted its position in shares of iShares Core U.S. Aggregate Bond ETF by 64.2% during the fourth quarter. Arizona PSPRS Trust now owns 13,346,704 shares of the company’s stock worth $1,293,296,000 after purchasing an additional 5,220,182 shares in the last quarter. 83.63% of the stock is owned by institutional investors.

iShares Core U.S. Aggregate Bond ETF Stock Up 0.4%

Shares of NYSEARCA AGG opened at $97.86 on Friday. The company’s fifty day moving average is $97.95 and its 200-day moving average is $97.82. The stock has a market cap of $123.30 billion, a price-to-earnings ratio of 124.57 and a beta of 0.25. iShares Core U.S. Aggregate Bond ETF has a twelve month low of $95.63 and a twelve month high of $102.04.

iShares Core U.S. Aggregate Bond ETF Profile

IShares are index funds that are bought and sold like common stocks on national securities exchanges as well as certain foreign exchanges. iShares are attractive because of their relatively low cost, tax efficiency and trading flexibility. Investors can purchase and sell shares through any brokerage firm, financial advisor, or online broker, and hold the funds in any type of brokerage account.